Bitcoin breaks again $10k, and Ether prices hit 2020 highs. Our trading bots caught this sweet trend and thanks to this, some of our strategies made New All Time High (ATH).
On our Historical ETH/BTC/USD strategy, we made 3 new all time high (ATH) in the last 4 days. On the other hand, we can see that our BNB LO strategy did an amazing work too, spotting the trend on this cryptocurrency.
We have added 2 new BTC/ETH strategies based on Bitmex funding levels. The largest derivatives exchanges like Bitmex, Binance or Bitfinex are offering their customers to use leverage on their trading. These leverages can go as high as 100-125x, which to us seems unreasonable. What we can observe and read is that extreme market positioning leads to large dumps or large pumps during liquidation events because of the leverage overuse. Therefore, observing funding fee levels can give us a good indication on market positioning.
Because we understand that our users want to participate whenever there is a strong bull market in ETH or BTC, we designed the new strategy around our longstanding ETH/USD LO and BTC/USD LO strategies. Then, we built 3 long /short trading signals that use the funding fee levels as input data. At last, we combined these 3 trading signals with our LO one to design our 2 new strategies, and the results are quite impressive. These 2 new strategies are long/short strategies with a long bias to participate in strong bull markets. They can rebalance 250-300x per year on average. Graphs below are displayed with logscale.
Average gains are one of the highest for this kind of trading frequency in our marketplace, making them very good contenders to be included in any allocation. Because of their “high trading frequencies”, these strategies are made available in our Platinum package only.
